Tips to Help Last-Minute Filers During Final Days of Tax Season 2001

April 16th Deadline Looms Closer as Nearly

60 Million Taxpayers Prepare to File



Apr 10, 2001, 01:00 ET from Jackson Hewitt Inc.

    PARSIPPANY, N.J., April 10 /PRNewswire/ -- With nearly 60 million
 taxpayers left to file their tax returns, the professionals at Jackson Hewitt
 Tax Service(R) offer some quick tips to make the final days of Tax Season 2001
 easier for late-season tax filers:
 
     1.)  Get help!  A professional tax preparer can help you get the largest
          refund allowed for your particular tax situation; avoid costly errors
          in math, incomplete or incorrect information; identify which forms to
          submit; and, determine if filing an extension is the right thing
          to do.
 
     2.)  Make sure you have all the appropriate documents and records with you
          when you meet with your tax professional.  Call ahead to your tax
          preparer and go over the receipts and documents that you will need to
          complete your return.  Another way to help determine what you'll need
          is to review your tax filing from last year; and note what has
          changed since then.
 
     3.)  When married and filing jointly, even if only one spouse is reporting
          income, both spouses are required to sign the federal tax return
          form.  So, make sure you plan accordingly to save time.
 
     4.)  If you have not filed a return for tax year 1997, 1998 or 1999, and
          you believe you are entitled to a refund, act now to claim it.  You
          can generally claim the refund by filing your return within three
          years of the due date of the original return.  If you have a refund
          due to you for tax year 1997, it must be received at an IRS office no
          later than April 15, 2001, not April 16, 2001.  On the other hand, if
          you owe money from back taxes that have not been filed, you should
          file as soon as possible and halt the interest and penalties that
          have and will continue to accrue until the debt is satisfied.
 
     5.)  Don't wait in line at the post-office ... file electronically.  By
          having an authorized IRS e-file provider file your return
          electronically, you can eliminate a trip to the post office and, more
          importantly, eliminate weeks of waiting time for your refund.
          An e-filed return can speed up your receipt of an expected refund to
          as little as 11-17 days, if direct deposited into your account, and
          also provides you the security of knowing that your return was
          received through an acknowledgement from the IRS.  If you mail your
          return, you can expect your refund in about six to eight weeks.
 
     6.)  If April 16th is still not enough time, ask your tax preparer to help
          you file Form 4868 to request a four month extension.  However, it's
          important to note that if you owe money, you must make a payment of
          the estimated taxes due to the IRS by April 16th!
 
     7.)  Lastly, it is important to note that many tax practitioners do not
          accept new customers during the last two weeks of the tax season.
          However, tax preparation locations, such as Jackson Hewitt Tax
          Service offices, welcome new clients during this late season crunch
          with extended hours, Sunday openings and extra staff.
 
     Jackson Hewitt Inc., franchiser of the nation's fastest growing and fully
 computerized national tax preparation service, is currently the second largest
 company in this category.  A subsidiary of Cendant Corporation (NYSE:   CD),
 Jackson Hewitt Inc. has more than 3,300 locations in 48 states and the
 District of Columbia.  Each Jackson Hewitt Tax Service location is
 independently owned and operated. Your local Jackson Hewitt Tax Service office
 can be reached by calling 800-234-1040.  The Jackson Hewitt Tax Service web
 site can be found at http://www.jacksonhewitt.com.
 
 

SOURCE Jackson Hewitt Inc.
    PARSIPPANY, N.J., April 10 /PRNewswire/ -- With nearly 60 million
 taxpayers left to file their tax returns, the professionals at Jackson Hewitt
 Tax Service(R) offer some quick tips to make the final days of Tax Season 2001
 easier for late-season tax filers:
 
     1.)  Get help!  A professional tax preparer can help you get the largest
          refund allowed for your particular tax situation; avoid costly errors
          in math, incomplete or incorrect information; identify which forms to
          submit; and, determine if filing an extension is the right thing
          to do.
 
     2.)  Make sure you have all the appropriate documents and records with you
          when you meet with your tax professional.  Call ahead to your tax
          preparer and go over the receipts and documents that you will need to
          complete your return.  Another way to help determine what you'll need
          is to review your tax filing from last year; and note what has
          changed since then.
 
     3.)  When married and filing jointly, even if only one spouse is reporting
          income, both spouses are required to sign the federal tax return
          form.  So, make sure you plan accordingly to save time.
 
     4.)  If you have not filed a return for tax year 1997, 1998 or 1999, and
          you believe you are entitled to a refund, act now to claim it.  You
          can generally claim the refund by filing your return within three
          years of the due date of the original return.  If you have a refund
          due to you for tax year 1997, it must be received at an IRS office no
          later than April 15, 2001, not April 16, 2001.  On the other hand, if
          you owe money from back taxes that have not been filed, you should
          file as soon as possible and halt the interest and penalties that
          have and will continue to accrue until the debt is satisfied.
 
     5.)  Don't wait in line at the post-office ... file electronically.  By
          having an authorized IRS e-file provider file your return
          electronically, you can eliminate a trip to the post office and, more
          importantly, eliminate weeks of waiting time for your refund.
          An e-filed return can speed up your receipt of an expected refund to
          as little as 11-17 days, if direct deposited into your account, and
          also provides you the security of knowing that your return was
          received through an acknowledgement from the IRS.  If you mail your
          return, you can expect your refund in about six to eight weeks.
 
     6.)  If April 16th is still not enough time, ask your tax preparer to help
          you file Form 4868 to request a four month extension.  However, it's
          important to note that if you owe money, you must make a payment of
          the estimated taxes due to the IRS by April 16th!
 
     7.)  Lastly, it is important to note that many tax practitioners do not
          accept new customers during the last two weeks of the tax season.
          However, tax preparation locations, such as Jackson Hewitt Tax
          Service offices, welcome new clients during this late season crunch
          with extended hours, Sunday openings and extra staff.
 
     Jackson Hewitt Inc., franchiser of the nation's fastest growing and fully
 computerized national tax preparation service, is currently the second largest
 company in this category.  A subsidiary of Cendant Corporation (NYSE:   CD),
 Jackson Hewitt Inc. has more than 3,300 locations in 48 states and the
 District of Columbia.  Each Jackson Hewitt Tax Service location is
 independently owned and operated. Your local Jackson Hewitt Tax Service office
 can be reached by calling 800-234-1040.  The Jackson Hewitt Tax Service web
 site can be found at http://www.jacksonhewitt.com.
 
 SOURCE  Jackson Hewitt Inc.